The Financial Industry Regulatory Authority (FINRA) has ordered Oppenheimer & Co. Inc. to pay more than $3.8 million in restitution to customers who incurred “potentially excessive sales charges” caused by early rollovers of unit investment trusts (UITs). The securities regulator also fined the firm $800,000 for failing to reasonably supervise the early UIT rollovers.
Lack of Suitability
Representing Investors Nationwide
UBS Financial Services, Santander Securities, Popular Securities and Oriental Financial Services are financial services companies that enjoy a strong presence in major markets throughout the world. These firms allegedly encouraged clients to take concentrated positions in Puerto Rican bonds closed-end municipal bond funds.
Your stock broker has a duty to understand your unique needs. In his every decision regarding your portfolio, your best interests should be kept in mind, including things such as tax considerations, long-term goals, and acceptable risks. When a st
There is more and more evidence surfacing that leveraged and inverse ETF’s are finding there way into the portfolios of mainstream America. The problem is most experts believe such products are only suitable for about 1% of all individ